A holistic model of corporate governance: A new research framework

Corporate Governance

Volumn 8, Issue 1, 2008, Pages 94-108

  Young, Suzanne ^a   Thyil, Vijaya ^a  

^a LA TROBE UNIVERSITY   (Australia)

Author keywords

Corporate governance; Corporate social responsibility; Decision making; Ethics

Indexed keywords

EID: 40249098194     PISSN: 14720701     EISSN: None     Source Type: Journal    
DOI: 10.1108/14720700810853437     Document Type: Article

References (84)

1. Adams, C.A. (2004), "The ethical, social and environmental reporting: performance - portrayal gap", Accounting, Auditing & Accountability Journal, Vol. 17 No. 5, pp. 731-57.
2. Aguilera, R.V., Williams, C.A., Conley, J.M. and Rupp, D.E. (2006), "Corporate governance and social responsibility: a comparative analysis of the UK and the US", Corporate Governance: An International Review, Vol. 14 No. 3, pp. 147-58.
3. Australian Stock Exchange Corporate Governance Council (2003), Principles of Good Corporate Governance and Best Practice Recommendations, ASX, available at: www.shareholder.com/shared/dynamicdoc/ASX/364/ASXRecommendations.pdf (accessed 28 July 2006).
4. Becht, M., Bolton, P. and Roell, A. (2003), "Corporate governance and control", in Constantinides, G.M., Harris, M. and Stulz, R.M. (Eds), Handbook of the Economics of Finance, Vol. 1A, Corporate Finance, University of Chicago, Chicago, IL.
5. Berle, A. and Means, G. (1932), The Modern Corporation and Private Property, Macmillan, New York, NY.
6. Boatright, J.R. (2003), Ethics and the Conduct of Business, 4th ed., Prentice-Hall, Upper Saddle River, NJ.
7. Bonn, I. and Fisher, J. (2006), "Corporate governance and business ethics: insights from the strategic planning exercise", Corporate Governance: An International Review, Vol. 13 No. 6, pp. 730-8.
8. Botosan, C. (2005), "Evidence that greater disclosure lowers the cost of equity capital", in Chew, D. and Gillan, S. (Eds), Corporate Governance at the Crossroads: A Book of Readings, McGraw-Hill/Irwin, New York, NY, pp. 437-46.
9. Buhmann, K. (2006), "Corporate social responsibility: what role for law? Some aspects of law and CSR", Corporate Governance, Vol. 6 No. 2, pp. 188-202.
10. Carroll, A.B. (1999), "Corporate social responsibility: evolution of a definitional construct", Business and Society, Vol. 38, pp. 268-95.
11. Cassidy, D. (2003), "Maximizing shareholder value: the risks to employees, customers and the community", Corporate Governance, Vol. 3 No. 2, pp. 32-7.
12. Cernat, L. (2004), "The emerging European corporate governance model: Anglo-Saxon, continental, or still the century of diversity?", Journal of European Public Policy, Vol. 11 No. 1, pp. 147-66.
13. Clarke, C.J. (2006), "The sum of all fears: do directors have valid concerns on the unintended impact of new regulations?", Corporate Governance, Vol. 6 No. 1, pp. 6-10.
14. Coffee, J.C. (1998), "The future as history: prospects for global convergence in corporate governance and its implications", working paper No. 144, The Centre for Law and Economics Studies, Columbia University School of Law, New York, NY.
15. Cornelius, P. (2005), "Governance: good corporate practices in poor corporate governance systems", Corporate Governance, Vol. 5 No. 3, pp. 12-23.
16. Cropanzano, R., Byrne, Z.S., Bobocel, D.R. and Rupp, D. (2001), "Moral virtues, fairness heuristics, social entities and other denizens of organisational justice", Journal of Vocational Behaviour, Vol. 58, pp. 164-209.
17. Cutting, B.A. and Kouzmin, A. (2000), "The emerging patterns of power in corporate governance: back to the future in improving corporate decision-making", Journal of Managerial Psychology, Vol. 15 No. 6, pp. 477-507.
18. Cutting, B.A. and Kouzmin, A. (2001), "Formulating the metaphysics of governance: explaining the dynamics of governance using a new JEWAL synthesis framework", Journal of Management Development, Vol. 20 No. 6, pp. 526-64.
19. Cutting, B.A. and Kouzmin, A. (2002), "Evaluating corporate board culture and decision making", Corporate Governance, Vol. 2 No. 2, pp. 27-45.
20. Daily, C., Dalton, D. and Canella, A. Jr (2003), "Corporate governance: decades of dialogue and data", Academy of Management Review, Vol. 28 No. 3, pp. 371-83.
21. Davis, J.H., Schoorman, F.D. and Donaldson, L. (1997), "Towards a stewardship theory of management", Academy of Management Review, Vol. 22, pp. 20-47.
22. De Geus, A. (1997), The Living Company: Growth, Learning and Longevity in Business, Nicholas Brealey Publishing, London.
23. Deakin, S., Hobbs, R., Konzelmann, S. and Wilkinson, F. (2002), "Partnership, ownership and control: the impact of governance on employment relations", Employee Relations, Vol. 24 No. 3, pp. 335-52.
24. Decker, S.O. (2004), "Corporate social responsibility and structural change in financial services", Managerial Auditing Journal, Vol. 19 No. 6, pp. 712-28.
25. Dellaportas, S. (2005), "Ethics in a corporate environment", in Dellaportas, S., Gibson, K., Alagiah, R., Hutchinson, M., Leung, P. and van Homrigh, D. (Eds), Ethics, Governance and Accountability, Ch. 12, Wiley, Brisbane, pp. 310-34.
26. Demb, A. and Neubaueur, F.F. (1992), The Corporate Board: Confronting the Paradoxes, Oxford University Press, New York, NY.
27. Dodd, M. (1932), "For whom are corporate managers trustees?", Harvard Business Review, Vol. 45 No. 7, pp. 1145-63.
28. Du Plessis, J., McConvill, J. and Bagaric, M. (2005), Principles of Contemporary Corporate Governance, Cambridge University Press, Port Melbourne.
29. Durden, C. and Pech, R. (2006), "The increasing cost of corporate governance: decision speed-bumps for managers", Corporate Governance, Vol. 6 No. 1, pp. 84-95.
30. Edwards, F. and Hubbard, R. (2005), "The growth of institutional stock ownership: a promise unfulfilled", in Chew, D. and Gillan, S. (Eds), Corporate Governance at the Crossroads: A Book of Readings, McGraw-Hill/Irwin, New York, NY, pp. 347-59.
31. Eisenhardt, K. (1989), "Agency theory: an assessment and review", Academy of Management Review, Vol. 14 No. 1, pp. 57-74.
32. Fama, E. (1980), "Agency problems and the theory of the firm", Journal of Political Economy, Vol. 88, pp. 288-307.
33. Fama, E. and Jensen, M. (1983), "Separation of ownership and control", Journal of Law and Economics, Vol. 26, pp. 301-25.
34. Fisher, J. (2004), "Social responsibility and ethics: clarifying the concepts", Journal of Business Ethics, Vol. 52, pp. 391-400.
35. Francis, R. and Armstrong, A. (2003), "Ethics as a risk management strategy: the Australian experience", Journal of Business Ethics, Vol. 45 No. 4, pp. 375-85.
36. Galbraeth, J. (2006), "Corporate social responsibility strategy: strategic options, global considerations", Corporate Governance, Vol. 6 No. 2, pp. 175-87.
37. Goodyear, C. (2006), "Social responsibility has a dollar value", The Age, Melbourne, 27 July.
38. Handy, C. (1978), Gods of Management, Random House, Sydney.
39. Hanson, D. and Tranter, B. (2006), "Who are the shareholders in Australia and what are their ethical opinions? An empirical analysis", Corporate Governance: An International Review, Vol. 14 No. 1, pp. 23-32.
40. Healy, J. (2003), Corporate Governance and Wealth Creation in New Zealand, Dunmore Press, Palmerston North.
41. Holmstrom, B. and Kaplan, S. (2005), "The state of US corporate governance: what's right and what's wrong?", in Chew, D. and Gillan, S. (Eds), Corporate Governance at the Crossroads: A Book of Readings, McGraw-Hill/Irwin, New York, NY, pp. 71-83.
42. Jensen, M. (2001), "Value maximization, stakeholder theory and the corporate objective function", in Chew, D. and Gillan, S. (Eds), Corporate Governance at the Crossroads: A Book of Readings, McGraw-Hill/Irwin, New York, NY, pp. 7-20.
43. Jensen, M. and Meckling, W. (1976), "Theory of the firm: managerial behavior, agency costs and ownership structure", Journal of Financial Economics, Vol. 3, pp. 305-60.
44. Jensen, M. and Murphy, K. (1990), "CEO incentives - it's not how much you pay but how", Harvard Business Review, in Chew, D. and Gillan, S. (Eds) Corporate Governance at the Crossroads: A Book of Readings, McGraw-Hill/Irwin, New York, NY, pp. 192-205.
45. Kemp, S. (2006), "In the driver's seat or rubber stamp? The role of the board in providing strategic guidance in Australian boardrooms", Management Decision, Vol. 44 No. 1, pp. 56-73.
46. Knott, D. (2002), "Corporate governance: principles, promotion and practice", Inaugural Lecture, Monash Governance Research Unit, Melbourne, 16 July.
47. Lagan, A. (2006), "Ethics at work", In the black, Vol. 76 No. 2, Melbourne, pp. 72-4.
48. Leung, P. and Cooper, B. (2003), "The Mad Hatter's corporate tea party", Managerial Auditing Journal, Vol. 18 Nos 6/7, pp. 505-16.
49. Lines, V.L. (2004), "Corporate reputation in Asia: looking beyond bottom-line performance", Journal of Communication Management, Vol. 8 No. 3, pp. 233-45.
50. Lynall, M.D., Golden, B.R. and Hillman, A.J. (2003), "Board composition from adolescence to maturity: a multitheoretic view", Academy of Management Review, Vol. 28 No. 3, pp. 416-21.
51. MacAvoy, P. and Millstein, I. (2005), "The active board of directors and its effect on the performance of the large publicly traded corporation", in Chew, D. and Gillan, S. (Eds), Corporate Governance at the Crossroads: A Book of Readings, McGraw-Hill/Irwin, New York, NY, pp. 177-91.
52. March, J. (1962), "The business firm as a political coalition", Journal of Politics, No. 24, pp. 662-78.
53. Mardjono, A. (2005), "A tale of corporate governance: lessons why firms fail", Managerial Auditing Journal, Vol. 20 No. 3, pp. 272-83.
54. Martin, J. (2005), "Golf tournaments and CEO pay - unravelling the mysteries of executive compensation", in Chew, D. and Gillan, S. (Eds), Corporate Governance at the Crossroads: A Book of Readings, McGraw-Hill/Irwin, New York, NY, pp. 219-31.
55. Mayer, C. (1997), "Corporate governance, competition and performance", Journal of Law and Society, No. 24, pp. 152-76.
56. Moerland, P.W. (1995), "Alternative disciplinary mechanisms in different corporate systems", Journal of Economic Behaviour and Organization, Vol. 26 No. 1, pp. 17-34.
57. Monks, R. and Minow, N. (2004), Corporate Governance, 3rd ed., Blackwell Publishing, Boston, MA.
58. Monks, R. and Minow, N. (2005), "The director's new clothes (or, the myth of corporate accountability)", in Chew, D. and Gillan, S. (Eds), Corporate Governance at the Crossroads: A Book of Readings, McGraw-Hill/Irwin, New York, NY, pp. 151-7.
59. Nicholson, G.J. and Kiel, G.C. (2004), "Breakthrough board performance: how to harness your board's intellectual capital", Corporate Governance, Vol. 4 No. 1, pp. 5-23.
60. Nowak, E. (2005), "Recent developments in German capital markets and corporate governance", in Chew, D. and Gillan, S. (Eds), Corporate Governance at the Crossroads: A Book of Readings, McGraw-Hill/Irwin, New York, NY, pp. 410-23.
61. O'Connor, J., Priem, R., Coombs, J. and Gilley, K. (2006), "Do CEO stock options prevent or promote fraudulent financial reporting?", The Academy of Management Journal, Vol. 49 No. 3, pp. 483-500.
62. OECD (1998), Corporate Governance: Improving Competitiveness and Access to Capital in Global Markets, OECD, Paris.
63. Pech, R. and Durden, G. (2004), "Where the decision-makers went wrong: from capitalism to cannibalism", Corporate Governance, Vol. 4 No. 1, pp. 65-75.
64. Pfeffer, J. (1981), Power in Organizations, Pittman, Marshfield, MA.
65. Pfeffer, J. (1992), Managing with Power, Harvard Business School Press, Boston, MA.
66. Pfeffer, J. and Salancik, G.R. (1978), The External Control of Organizations: A Resource Dependence Perspective, Harper & Row, New York, NY.
67. Phillips, D. (2006), "Relationships are the core value for organisations: a practitioner perspective", Corporate Communications: An International Journal, Vol. 11 No. 1, pp. 34-42.
68. Robbins, S.P., Bergman, R., Stagg, I. and Coulter, M. (2003), Management, 3rd ed., Prentice-Hall, Frenchs Forrest.
69. Robins, F. (2006), "Corporate governance after Sarbanes-Oxley: an Australian perspective", Corporate Governance, Vol. 6 No. 1, pp. 34-48.
70. Sharma, A. (1997), "Professional as agent: knowledge asymmetry in agency exchange", Academy of Management Review, Vol. 22 No. 3, pp. 758-98.
71. Shaw, W.H. and Barry, V. (2004), Moral issues in Business, Thomson Wadsworth, Belmont, CA.
72. Sheridan, A. (2001), "A view from the top: women on the boards of public companies", Corporate Governance, Vol. 1 No. 1, pp. 8-15.
73. Simmons, J. (2004), "Managing in the post-managerialist era", Management Decision, Vol. 42 Nos 3-4, pp. 601-11.
74. Sundaramurthy, C.H. and Lewis, M. (2003), "Control and collaboration: paradoxes of governance", Academy of Management Review, Vol. 28 No. 3, pp. 397-415.
75. Svensson, G. and Wood, G. (2004), "Proactive versus reactive business ethics performance: a conceptual framework of profile analysis and case illustrations", Corporate Governance, Vol. 4 No. 2, pp. 18-33.
76. Thornbury, J. (2003), "Creating a living culture: the challenges for business leaders", Corporate Governance, Vol. 3 No. 2, pp. 68-79.
77. Van der Walt, N.T., Ingley, C.B. and Diack, G. (2002), "Corporate governance: implications of ownership, performance requirements and strategy", Journal of Change Management, Vol. 2 No. 4, pp. 319-33.
78. Van der Walt, N.T., Ingley, C.B., Shergill, G.S. and Townsend, A. (2006), "Board configuration: are diverse boards better boards?", Corporate Governance, Vol. 6 No. 2, pp. 129-47.
79. Westphal, J.D. and Milton, L.P. (2000), "How experience and network ties affect the influence of demographic minorities on corporate boards", Administrative Science Quarterly, Vol. 45 No. 2, pp. 366-98.
80. Willis, A. (2005), "Corporate governance and management of information and records", Records Management Journal, Vol. 15 No. 2, pp. 86-97.
81. Wood, G. (2000), "A cross cultural comparison of the contents of codes of ethics: USA, Canada, Australia", Journal of Business Ethics, Vol. 25, pp. 287-98.
82. Wood, G. (2002), "A partnership model of corporate ethics", Journal of Business Ethics, Vol. 40 No. 1, pp. 61-73.
83. Wood, G. (2005), "The relevance to international mergers of the ethical perspectives of participants", Corporate Governance, Vol. 5 No. 5, pp. 39-50.
84. Wood, G. and Callaghan, M. (2003), "Communicating the ethos of codes of ethics in corporate Australia, 1995-2001: whose rights, whose responsibilities?", Employee Responsibilities and Rights Journal, Vol. 15 No. 4, pp. 209-21.